Syntax Research, Inc.

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 7, 2024), Syntax Research, Inc. reported 170 stock positions worth $131.0 million. Its top holding was iShares 1-3 Year Treasury Bo (SHY) at 8.2% of the portfolio, followed by iShares Core S&P 500 ETF (IVV, 8.1%) and iShares MSCI USA Value Facto (VLUE, 5.4%). Compared with Q4 2023, it opened 6 new positions, sold out of 11, added to 41 and reduced 27. The biggest buy was a new position in Americold Realty Trust (COLD) and the biggest sale Intel (INTC, shares −67%).

Most Recent 13F
Q2 2026
Location
BOCA RATON, FL
CIK
0001999827
Portfolio Value
$131.0M (Q1 2024)
SEC Filing
0001398344-24-008854 ↗ filed May 7, 2024

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q1 2024: $131.0M $131.0M Q1 2024 Q2 2024: $126.4M Q2 2024 Q3 2024: $147.8M Q3 2024 Q4 2024: $139.5M Q4 2024 Q1 2025: $144.8M Q1 2025 Q2 2025: $140.8M Q2 2025 Q3 2025: $155.6M Q3 2025 Q4 2025: $162.1M Q4 2025 Q1 2026: $157.1M Q1 2026 Q2 2026: $136.6M Q2 2026

Holdings 170 stocks · $131.0M
SHY iShares 1-3 Year Treasury Bo 8.24% 131,965 $10.8M Reduce -1.5%
IVV iShares Core S&P 500 ETF 8.14% 20,288 $10.7M Reduce -3.8%
VLUE iShares MSCI USA Value Facto 5.42% 65,562 $7.1M Reduce -1.4%
IJH iShares Core S&P Midcap ETF 4.24% 91,327 $5.5M Reduce -1.5%
SPY SS SPDR S&P 500 ETF Trust-US 3.96% 9,913 $5.2M Add +0.3%
AAPL Apple Inc. 3.96% 30,223 $5.2M Add +0.1%
NOBL Proshares S&P 500 Dividend A 3.45% 44,537 $4.5M Reduce -1.2%
ACWX iShares MSCI Acwi Ex US ETF 3.44% 84,451 $4.5M Reduce -1.3%
IEUR iShares Core MSCI Europe ETF 3.27% 74,038 $4.3M Reduce -1.4%
TLT iShares 20+ Year Treasury BD 2.96% 40,933 $3.9M Reduce -1.4%
QCOM Qualcomm Inc. 2.62% 20,304 $3.4M Add +0.7%
APD Air Products & Chemicals Inc. 2.61% 14,124 $3.4M Add +265.3%
NTR Nutrien Ltd. 2.59% 62,408 $3.4M Add +34.1%
NEM Newmont Corp. 2.54% 92,860 $3.3M Add +52.2%
AMT American Tower Corp. 2.49% 16,481 $3.3M Add +33.0%
MSFT Microsoft Corp. 2.43% 7,575 $3.2M Reduce -1.1%
BXP BXP Inc. filed as BOSTON PROPERTIES INC 2.37% 47,524 $3.1M Add +40.7%
RTX RTX Corp. 2.36% 31,701 $3.1M Add +0.6%
FDX FedEx Corp. 2.32% 10,468 $3.0M Reduce -6.5%
CUBE Cubesmart 2.22% 64,244 $2.9M Add +18.1%
PLD Prologis Inc. 2.10% 21,121 $2.8M Add +5.8%
DLR Digital Realty Trust Inc. 2.02% 18,354 $2.6M Add +13.4%
ADM Archer-Daniels-Midland Co. 1.95% 40,641 $2.6M Add +36.2%
COLD Americold Realty Trust Inc. 1.90% 100,000 $2.5M New
QQQ Invesco QQQ Trust Series 1 1.67% 4,912 $2.2M Reduce -7.7%
GOOG Alphabet Inc. Class C 1.26% 10,837 $1.6M Reduce -0.9%
JPM JPMorgan Chase & Co. 1.26% 8,215 $1.6M Add +0.6%
IEMG iShares Core MSCI Emerging 0.93% 23,647 $1.2M Reduce -1.9%
IJR iShares Core S&P Small-Cap E 0.85% 10,116 $1.1M Reduce -0.6%
AVGO Broadcom Inc. 0.79% 777 $1.0M Reduce -7.3%
IEF iShares 7-10 Year Treasury B 0.77% 10,658 $1.0M Reduce -2.4%
LQD Ishr Ibx Usd Invgd CB ETF-Ui 0.71% 8,584 $935K Reduce -0.6%
GOVT iShares US Treasury Bond ETF 0.54% 30,973 $705K Add +0.4%
AMZN Amazon.com Inc. 0.53% 3,880 $700K Add +2.6%
INTC Intel Corp. 0.52% 15,401 $680K Reduce -66.8%
HDV iShares Core High Dividend E 0.50% 5,984 $660K Add +0.5%
BA The Boeing Co. 0.49% 3,354 $647K Add +11.3%
XLRE SS Real Estate Select Sector 0.46% 15,123 $598K Add +0.4%
DOW Dow Inc. 0.43% 9,620 $557K Add +4.7%
MDT Medtronic PLC 0.40% 6,033 $526K Add +3.8%
IDV iShares International Select 0.39% 17,998 $505K Add +0.7%
WM Waste Management Inc. 0.37% 2,244 $478K Add +4.2%
LMT Lockheed Martin Corp. 0.36% 1,039 $473K Add +3.1%
TIP iShares Tips Bond ETF 0.36% 4,365 $469K No change
BRK.B Berkshire Hathaway Inc. Class B 0.33% 1,024 $431K No change
CVX Chevron Corp. 0.33% 2,702 $426K Add +7620.0%
BLK BlackRock Finance Inc. 0.32% 508 $423K Add +5.0%
QUAL iShares MSCI USA Quality Fac 0.31% 2,477 $407K Add +0.2%
AIA iShares Asia 50 ETF 0.31% 6,644 $403K Reduce -5.2%
V Visa Inc. Class A 0.27% 1,266 $353K Add +0.1%
GOOGL Alphabet Inc. Class A 0.26% 2,220 $335K No change
REGN Regeneron Pharmaceuticals 0.25% 345 $332K No change
HD Home Depot Inc. 0.24% 804 $308K Add +0.1%
COST Costco Wholesale Corp. 0.22% 392 $287K No change
MRK Merck & Co. Inc. 0.22% 2,175 $287K No change
PAYX Paychex Inc. 0.20% 2,138 $263K Reduce -4.5%
LLY Eli Lilly & Co. 0.19% 323 $251K Add +44.8%
DVY iShares Select Dividend ETF 0.18% 1,877 $231K Add +0.3%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.16% 5,554 $211K Add +8.0%
VOT Vngrd Mrngstr MC GRW ETF-Usd 0.15% 837 $197K No change
IGSB iShares 1-5Y Inv Grade Corp. 0.14% 3,584 $184K Add +0.2%
CSCO Cisco Systems Inc. 0.14% 3,572 $178K Reduce -5.3%
TSM Taiwan Semiconductor-SP ADR 0.12% 1,200 $163K No change
VIG Vanguard Dividend Apprec ETF 0.10% 744 $136K Add +0.4%
USMV iShares MSCI USA Min Vol Fac 0.09% 1,475 $123K No change
META Meta Platforms Inc. Class A 0.09% 245 $119K No change
WFC Wells Fargo & Co. 0.09% 2,036 $118K No change
NFLX Netflix Inc. 0.08% 175 $106K No change
ED Consolidated Edison Inc. 0.08% 1,114 $101K No change
PECO Phillips Edison & Company Inc. 0.07% 2,527 $91K No change
CMCSA Comcast Corp. Class A 0.07% 2,070 $90K Add +0.2%
CVS CVS Health Corp. 0.06% 927 $74K No change
XLF SS Financial Select Sector 0.06% 1,737 $73K No change
SAP Sap SE-Sponsored ADR 0.06% 370 $72K No change
GD General Dynamics Corp. 0.05% 252 $71K No change
ETN Eaton Corp. PLC 0.05% 225 $70K No change
AMGN Amgen Inc. 0.05% 237 $67K No change
TSLA Tesla Inc. 0.05% 375 $66K Add +257.1%
JNJ Johnson & Johnson 0.05% 411 $65K No change
IYY iShares Dow Jones U.S. ETF 0.05% 472 $60K No change
PFE Pfizer Inc. 0.04% 2,098 $58K Reduce -14.3%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.04% 475 $58K Add +0.2%
HPQ HP Inc. 0.04% 1,897 $57K No change
DRI Darden Restaurants Inc. 0.04% 337 $56K No change
VZ Verizon Communications Inc. 0.04% 1,300 $55K No change
GMED Globus Medical Inc. Class A 0.04% 1,000 $54K No change
NEE Nextera Energy Inc. 0.04% 804 $51K No change
TMO Thermo Fisher Scientific Inc. 0.04% 88 $51K No change
CAT Caterpillar Inc. 0.04% 135 $49K No change
PFF iShares Preferred & Income S 0.04% 1,458 $47K No change
CWB SS SPDR BB Conv Sec ETF 0.03% 622 $45K No change
SHYG iShares 0-5 YR HY Corp. Bond 0.03% 961 $41K No change
IWO iShares Russell 2000 Growth 0.03% 146 $40K No change
HON Honeywell International Inc. 0.03% 191 $39K No change
IYF iShares US Financials ETF 0.03% 404 $39K No change
ICE Intercontinental Exchange Inc. 0.03% 264 $36K Reduce -27.5%
CLX Clorox Company 0.03% 221 $34K No change
HPE Hewlett Packard Enterprise 0.03% 1,897 $34K No change
XIFR XPLR Infrastructure LP filed as NEXTERA ENERGY PARTNERS LP 0.03% 1,113 $33K Add +3.0%
UNH Unitedhealth Group Inc. 0.03% 67 $33K No change

Show all 170 holdings

Portfolio Sells Q4 2023 → Q1 2024
INTC Intel Corp. Reduce -66.8% 0.52% −1.43
SHY iShares 1-3 Year Treasury Bo Reduce -1.5% 8.24% −0.96
TLT iShares 20+ Year Treasury BD Reduce -1.4% 2.96% −0.48
LDOS Leidos Holdings Inc. Reduce -100.0% 0.00% −0.33
IVV iShares Core S&P 500 ETF Reduce -3.8% 8.14% −0.29
ACWX iShares MSCI Acwi Ex US ETF Reduce -1.3% 3.44% −0.21
VLUE iShares MSCI USA Value Facto Reduce -1.4% 5.42% −0.21
IEUR iShares Core MSCI Europe ETF Reduce -1.4% 3.27% −0.19
QQQ Invesco QQQ Trust Series 1 Reduce -7.7% 1.67% −0.16
NOBL Proshares S&P 500 Dividend A Reduce -1.2% 3.45% −0.14
IEF iShares 7-10 Year Treasury B Reduce -2.4% 0.77% −0.11
IEMG iShares Core MSCI Emerging Reduce -1.9% 0.93% −0.09
LQD Ishr Ibx Usd Invgd CB ETF-Ui Reduce -0.6% 0.71% −0.09
IJR iShares Core S&P Small-Cap E Reduce -0.6% 0.85% −0.07
IJH iShares Core S&P Midcap ETF Reduce -1.5% 4.24% −0.07
DLTR Dollar Tree Inc. Sold out 0.00% −0.06
FDX FedEx Corp. Reduce -6.5% 2.32% −0.06
AIA iShares Asia 50 ETF Reduce -5.2% 0.31% −0.03
GOOG Alphabet Inc. Class C Reduce -0.9% 1.26% −0.03
LOW Lowe's Cos Inc. Reduce -61.7% 0.02% −0.03
CSCO Cisco Systems Inc. Reduce -5.3% 0.14% −0.02
PAYX Paychex Inc. Reduce -4.5% 0.20% −0.02
MCD McDonald's Corp. Reduce -77.3% 0.01% −0.02
PFE Pfizer Inc. Reduce -14.3% 0.04% −0.01
ICE Intercontinental Exchange Inc. Reduce -27.5% 0.03% −0.01
AFL Aflac Inc. Reduce -31.7% 0.02% −0.01
BMY Bristol-Myers Squibb Co. Sold out 0.00% −0.01
KWEB Kranesh Csi China Internet Sold out 0.00% −0.01
IP International Paper Co. Sold out 0.00% −0.01
SNY Sanofi-ADR Sold out 0.00% −0.01
OKE Oneok Inc. Sold out 0.00% −0.01
LYB Lyondellbasell Indu Class A Sold out 0.00% −0.01
ALB Albemarle Corp. Sold out 0.00% −0.01
DOCU Docusign Inc. Sold out 0.00% −0.00
MRNA Moderna Inc. Sold out 0.00% −0.00
UPS United Parcel Service Class B Sold out 0.00% −0.00
AVGO Broadcom Inc. Reduce -7.3% 0.79% +0.00
MSFT Microsoft Corp. Reduce -1.1% 2.43% +0.02

Portfolio Buys Q4 2023 → Q1 2024
COLD Americold Realty Trust Inc. New 1.90% +1.90
APD Air Products & Chemicals Inc. Add +265.3% 2.61% +1.73
NEM Newmont Corp. Add +52.2% 2.54% +0.43
NTR Nutrien Ltd. Add +34.1% 2.59% +0.39
BXP BXP Inc. Add +40.7% 2.37% +0.39
CVX Chevron Corp. Add +7620.0% 0.33% +0.32
AMT American Tower Corp. Add +33.0% 2.49% +0.25
DLR Digital Realty Trust Inc. Add +13.4% 2.02% +0.20
QCOM Qualcomm Inc. Add +0.7% 2.62% +0.18
ADM Archer-Daniels-Midland Co. Add +36.2% 1.95% +0.15
RTX RTX Corp. Add +0.6% 2.36% +0.14
CUBE Cubesmart Add +18.1% 2.22% +0.11
JPM JPMorgan Chase & Co. Add +0.6% 1.26% +0.09
LLY Eli Lilly & Co. Add +44.8% 0.19% +0.08
AMZN Amazon.com Inc. Add +2.6% 0.53% +0.05
WM Waste Management Inc. Add +4.2% 0.37% +0.04
SPY SS SPDR S&P 500 ETF Trust-US Add +0.3% 3.96% +0.03
TSLA Tesla Inc. Add +257.1% 0.05% +0.03
BAC Bank of America Corp. Add +8.0% 0.16% +0.02
KO The Coca-Cola Co. New 0.01% +0.01
DIS The Walt Disney Co. Add +0.2% 0.04% +0.01
VTR Ventas Inc. New 0.01% +0.01
QUAL iShares MSCI USA Quality Fac Add +0.2% 0.31% +0.01
DOW Dow Inc. Add +4.7% 0.43% +0.00
MTCH Match Group Inc. New 0.00% +0.00
HD Home Depot Inc. Add +0.1% 0.24% +0.00
QCLN First Trust Nasdaq Clean Edg New 0.00% +0.00
ZM Zoom Communications Inc. Add +72.5% 0.01% +0.00
MSI Motorola Solutions Inc. New 0.00% +0.00
MDT Medtronic PLC Add +3.8% 0.40% +0.00
FCX Freeport-McMoran Inc. Add +0.2% 0.01% +0.00
BX Blackstone Inc. Add +2.4% 0.00% −0.00
VIG Vanguard Dividend Apprec ETF Add +0.4% 0.10% −0.00
XIFR XPLR Infrastructure LP Add +3.0% 0.03% −0.00
HDV iShares Core High Dividend E Add +0.5% 0.50% −0.00
BLK BlackRock Finance Inc. Add +5.0% 0.32% −0.01
V Visa Inc. Class A Add +0.1% 0.27% −0.01
DVY iShares Select Dividend ETF Add +0.3% 0.18% −0.01
CMCSA Comcast Corp. Class A Add +0.2% 0.07% −0.01
IGSB iShares 1-5Y Inv Grade Corp. Add +0.2% 0.14% −0.01
LMT Lockheed Martin Corp. Add +3.1% 0.36% −0.02
IDV iShares International Select Add +0.7% 0.39% −0.03
XLRE SS Real Estate Select Sector Add +0.4% 0.46% −0.05
GOVT iShares US Treasury Bond ETF Add +0.4% 0.54% −0.06
PLD Prologis Inc. Add +5.8% 2.10% −0.13
BA The Boeing Co. Add +11.3% 0.49% −0.16
AAPL Apple Inc. Add +0.1% 3.96% −0.91

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 177$136.6MIVV, IEF, SHY, USMV, NOBL
Q1 2026 173$157.1MIVV, IEF, VLUE, AAPL, SHY
Q4 2025 172$162.1MIVV, IEF, VLUE, AAPL, SHY
Q3 2025 172$155.6MIVV, VLUE, IEF, AAPL, SHY
Q2 2025 170$140.8MIVV, VLUE, IEF, SHY, AAPL
Q1 2025 175$144.8MIVV, SHY, VLUE, AAPL, IEF
Q4 2024 183$139.5MIVV, VLUE, AAPL, SHY, ACWX
Q3 2024 189$147.8MIVV, VLUE, SHY, AAPL, ACWX
Q2 2024 174$126.4MSHY, IVV, VLUE, AAPL, ACWX
Q1 2024 170$131.0MSHY, IVV, VLUE, IJH, SPY